Bain will buy the business from founder Paula Barbanti. GNDI provides healthcare services to more than 7,000 companies and over three million people.

The buyout house said the agreement reinforced its goal to build its presence in Brazil and the broader Latin America region.

Bain Capital managing director Chris Gordon said, “Private healthcare systems around the world continue to move toward an integrated payor-provider model as the best means of delivering high-quality, cost-effective healthcare.

“GNDI has long been a leading global example of the power of this care delivery model, and we’re excited to partner with Dr Barbanti to support the company’s continued growth and delivery of top quality healthcare to our customers.”